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Radio 4 Today Liam V Condom On Qe - Is It Working? No!

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About 1 h 36min in:

http://www.bbc.co.uk/programmes/b00lfcs2#synopsis

Liam Halligan the poster boy economist who talks sense

"43 000 mortgages extended in May commensurate with double digit house price falls" :ph34r:

Condom comes back with:

We are now in recovery :lol: Oh really? All the personal and corporate debt has been paid off in 6 months? Amazing!

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About 1 h 36min in:

http://www.bbc.co.uk/programmes/b00lfcs2#synopsis

Liam Halligan the poster boy economist who talks sense

"43 000 mortgages extended in May commensurate with double digit house price falls" :ph34r:

Condom comes back with:

We are now in recovery :lol: Oh really? All the personal and corporate debt has been paid off in 6 months? Amazing!

I heard that. Not sure who to believe to be honest. There's no sign of inflation any time soon, and the guy didn't seem to me to be claiming any kind of miracle growth was now being achieved by QE. Halligan came across as a bit of a loony with his talk of Zimbabwe etc.

However, QE does worry me, it just feels wrong.

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